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A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March.
The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February.
Economists had expected employment to rise by 135,000 jobs compared to the addition of 151,000 jobs originally reported for the previous month.
Meanwhile, the report said the unemployment rate crept up to 4.2 percent in March from 4.1 percent in February. The unemployment rate was expected to remain unchanged.
